Resolution 094-2004
Commissioner McCoy
RESOLUTION NO. 094 -2004
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE
COUNTY, FLORIDA, TO ESTABLISH AN INTEREST RATE OF FOUR PER CENT AS
THE INTEREST RATE TO BE USED FOR PURPOSES OF ORDINANCE 027-2003.
WHEREAS, on July 15, 2003, the Board of County Commissioners adopted Ordinance 027-
2003 (the Ordinance) relating to, among other things, the provision of wastewater services
procedures for collection of wastewater assessments; and
WHEREAS, Section 2.02(B)(7) of the Ordinance refers to "the applicable Assessment Interest
amount"; and
WHEREAS, the BOCC has engaged the services of Public Financial Management to provide the
financial analyses required to implement certain provisions of the Ordinance; and
WHEREAS, Public Financial Management has recommended that the BOCC establish the
Assessment Interest Amount at a rate of four per cent (4%); and
WHEREAS, the BOCC has determined that this interest rate is fair, equitable, and necessary
for the implementation of the provisions of the Ordinance and for future debt or bonding activities;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA:
Section 1. The "applicable Assessment Interest A1tnount" referred to in Section 2.02(B)(7)
of the Ordinance is hereby established to be four per cent (4'%).
Section 2. This interest rate shall be used, as applicable, in implementing the appropriate
provisions of the Ordinance.
Section 3. Any prior actions of the BOCC establishing an interest rate differeQl; fram the
rate established in this Resolution are declared to be null and void and of no effe~ ~ ~ r=
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PASSED AND ADOPTED by the Board of County Commissioners of Monro~ty'::flori8i1, at
a regular meeting of said Board held on the 18th day of February, 2004. gnf"" C,..) ~
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Mayor Nelson
Mayor Pro Tem Rice
Commissioner McCoy
Commissioner Neugent
Commissioner Spehar
yes
yes
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yes
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By ~c~~
Jreswwint%
MONROE COUNTY ATTORNEY
~~ORM:
JOHN R. COLLINS
COUN7 ATTORNEY.
Date e2..IJk O~